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20131202
20131210
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CNBC 43
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Search Results 0 to 42 of about 43 (some duplicates have been removed)
CNBC
Dec 3, 2013 5:00pm EST
is chairman and ceo of air environment. tim, great to have you with us. >> great to be here. >> we can't ignore the drone you have got with you there. tell us a little bit about it. >> this is cube. it's a vertical take off and landing small unmann ened airpl system for rescue. you can imagine this replacing a helicopter for looking for lost children, lost hikers, etc. lots of other applications where it can be taken out of the drunk of the car and put to good use quickly. >> your business is primarily defense. 80% of your revenues come from the drone side. but in terms of the drone side of the business, most of that is defense, what are you seeing in terms of spending? a lot saying that peak defense spending has already passed. is the budget for unmanned aircraft system specifically, is that more immune from cuts? >> i think most people agree that long term long term special operations and u.s. intelligence which means uavs will be a priority in the defense department. sequestration, continuing resolutions, but for us we have found in the first half we have con cluted report on a reco
CNBC
Dec 5, 2013 6:00pm EST
data lately. it should be that, no, good data. because we are in a good news is bad news environment. this is good news moves interest rates higher. whether the fed likes it or not! remember, the fed wants rates down as more jobs can be created. but at a certain point, you have to ask, aren't more jobs being created? the fed stops trying to keep interest rates down or stops being able to. it's a fore gone conclusion the whole stock market will decline regardless of what the fed says or does. that's been the case before even as the last late run-up t.st going to be the case again. i'm not debating that. there are tons of reasons why stocks could. we know risk-free bonds that generate returns of 3% on the ten-year treasury and 4% on the 30-year treasury. a prediction of where we'll go on the employment number. will, indeed, be killer competition for dividend stocks with high yields. we know this because even the run from 1.8 to 2.8 on the treasury crushed two of the highest yielding groups out there. they have not been able to withstand the higher rate. they could be canaries in the co
CNBC
Dec 6, 2013 6:00pm EST
end of the quarter and beyond. quote, tougher than expected sales environment. quote, heightened promotional environment of the holiday. quote, holiday promotional holiday season. quote, less certain consumer environment. quote, an environment that looks to be promotional. i mean, wow. this is just pulled quotes. they blame the stars, not themselves. my buddy herb greenberg who said he was nervous about the report before the quarter because of that eyebrow raising management shuffle i talked about. put it out today in the street.com that new management had been confident of the business not that long ago but now the ceo mary dillon seems to have changed her tune saying that ulta, and i quote again, currently conducting an in-depth strategic planning process to prioritize our growth strategies, end quote. that says, wait a second, maybe we're off course here and need to reassess our plan to -- instead of just keep putting up stores willy nilly everywhere while going as promotional as all get out. not about the products, but about the stock. that combined with the constant blaming
CNBC
Dec 9, 2013 1:00pm EST
at the overall environment for shopping this holiday season, how is it going? are people being cautious, aggressive, what. >> we're still seeing a lot of concern actually among consumers. there's a feeling that the economy overall is going to turn around but individual households people are still feeling weary. >> because? >> because even -- >> job loss, job insecurity. >> even if things are maybe starting to look a little better for them, they're still concerned about it maybe lasting long enough for them to take advantage of it. and people have also started feeling that they can get by with less. a mindset shift too. also hearing some concern about things like the affordable care act coming into place. >> they don't know how much their insurance is going to cost them, how much they have to pay in deductibles next year. >> even at the highest end of economic spectrum we hear people have these high-end cadillac plans and their employers are starting to scale back the benefits. >> this translates into what people are spending overall. >> yes. >> how are you seeing it play out, mary? are
CNBC
Dec 4, 2013 12:00pm EST
discretionary? so in an improving economic environment, why favor something other than discretionary? is it just the fact that they've done so well this year? >> you know, as you know, you have to be knew nuance and discretionary. the bend on tech is large ily in software. i don't believe that capital spending will pick up a lot from the big companies next year. i don't think they need to do it. i don't think demand is strong enough. what they'll do instead of putting buildings or people in place, they'll invest in productivity. i like that software. we've been making a big bet in the portfolio there. it's about software versus consumer centric like department stores, retailers, restaurants. >> i read your note, great note. one of the things you advocate is more of a concentrated portfolio. >> yes. >> which seems nonintuitive. why is there a retailer investorer wouldn't you have a more concentrated portfolio. >> both institutional, there's two points to make. one is i think company specifics are explaining more returns than macro. so if the company specifics matter more, that's an important cons
CNBC
Dec 4, 2013 6:00am EST
his take on the current business environment coming up at the top of the hour. i have low testosterone. there, i said it. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] today, men with low t have androgel 1.62% testosterone gel. the #1 prescribed topical testosterone replacement therapy increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breast-feeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body
CNBC
Dec 6, 2013 1:00pm EST
in the past historically be able to move together. are we in that same type of environment right now? >> i think you still have an anchored fixed income market. when you look at the treasury market, close to zero interest rates on the front end of the curve which means there's significant carry out there and available to people. until you see a next wave of growth, i think there's going to be natural buying in that low 3% area on tens, which will bring the market back in. i think we're range bound in fixed income world which means that the equity world can continue to rise. >> you know, it also brings up, though, the fact that we have a stock market today that's moving up with interest rates moving up. seems as though good news is now solidly good news for the market again. >> i agree with that. part of the reason is if you look over the last two years, most of the expansion has really been multiple expansion in the equity markets. the equity market is looking for revenue growth on the top line basis and if it sees its sights and can see growth, it's going to make another move higher. so t
CNBC
Dec 3, 2013 3:00pm EST
with rising interest rate environment. munis are awesome. fabulous to have in portfolio for balance and diversification. i'm not telling anyone to run from munis. i say grab them. the market is difficult, it's tight. >> do you agree? there's a warning to be taken from muni bond investors? >> i don't think it's one that's going to be broadly applicable. i don't think it's one to scare people away from the asset class. i think what will happen when you get to year end, a lot of muni funds will be pressured more, tax law selling -- >> lots. >> you'll do okay buying these funds at a discount. >> we won't necessarily see that pressure from the broader market, certainly. people maybe the last couple of years, any harvest, time is running out. >> there's still lots of things to harvest this year. lots of munis you can swap out of. munis are out. those are good places to swap into a different fund if you need to. take the loss, put it in your pocket if you don't need it and carry it forward. tax law accounting is huge in investing. >> we've been out of the muni mark
CNBC
Dec 4, 2013 5:00pm EST
. if this environment changes, people are going to take a second look and say, wait a minute. they haven't grown operating income in three years, can't grow revenue. almost every facet of the business is declining, not growing, maybe this is not worth 28, maybe it's worth 22. i don't think it's egregiously expensive. not the kind of thing i want to allocate dollars to? not expensive at all. if you look at chart this stock after the last earnings basically took back when it lost when announced third-quarter earnings when it dropped 12%. in other words, it's now regained this $26 level. it's traded through it, and technically the stock looks interesting, too. >> all right. las vegas sands, another big winner today. that sent the stock up more than 60% this year. overrated, underestimated? b.k.? >> you know, b.k. would usually say a stock up 60% would be overrated, but i'm going to go underestimated on this. >> really. >> here's y.relative to it peers it's priced fairly well. it has a lot of growth potential. we also have the emerging markets potential in there. people have certainly said now you'l
CNBC
Dec 6, 2013 12:00pm EST
's an environment that those hedge fund managers that haven't been doing well, they can do a lot better in an environment like that. we have to accept in life that a lot of our investing is cyclical. and that's one of the reasons why you try to stay schematic. but we're heading for normalization. but i think the market will trade higher next year, just not with the fervor that we've had in 2013. >> anthony, good to talk to you, as always. >> thanks, guys. >>> coming up, intel getting a boost, having a solid year, but still upperforming. so can the stock catch up? a difference of opinion on the desk. >>> linkedin is the call of the day. much more straight ahead. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasone
CNBC
Dec 9, 2013 6:00pm EST
in this environment? king of the dress shirts in department stores all over north america. back in february, pvh bought warnaco, bringing calvin klein jeans and underwear back under the same umbrella as the rest of the brand. pvh reported the close. and while the revenues came in a bit light, they delivered a 5-cent earnings beat. rather that raising it. maybe they're trying to be conservative. let's take a closer look, hear more about the quarter and where the company's headed. manny, welcome back to "mad money." >> nice to see you again, jim. >> are these the calvin klein jeans we're worried about? >> yeah. >> are these the ones we want to see because you're abject in the conference call -- in the statement that you're unhappy with calvin klein jeans in the sales. >> yeah, that business has been under pressure from before we acquired the company. we've been consistent. we talked about the second half of 2014 where we really think we'll start to see the turn around associated with the cleanup of sales distribution and also really focusing on new product. >> you use these -- do you use the two t
CNBC
Dec 1, 2013 7:30pm EST
, you've got companies trading in the teens and very low inflation environment and tepid growth where they are growing and very reasonably priced. >> mike, liz, thank you both for coming in today. >> thanks for having us. >> we have updates on two stories that we've been followi following recently. we talked about whether the minimum wage should be raised nationwide. a historic vote that will create far and away the highest minimum wage in america, climb to $15 an hour around the seattle airport. the founder of a company called 23 and me was on the program. 23 and me sells dna testing services and provides information about your future potential health risks. the fda warned it has to halt sales of those services because they have not received regulatory clearance. up next, shopping for best deals this weekend. how to put bargains on the holiday wish list and save while you spend. >>> later, it's one of the most exciting holiday seasons in a long time for gamers, new consoles and slew of new video games are lining shelves, but are the gamers still playing? we'll find out. as we go to b
CNBC
Dec 4, 2013 3:00pm EST
to present a very challenging environment for companies that want to roll that debt over. >> jonathan brodsky, i know you're taking profits anyway, but isn't it possible that until the fed starts signaling or that it's imminent, which they're not doing here, couldn't it market move higher? >> yeah, we're not saying to remove yourself from the market. we're saying valuation is king, especially in the market conditions we're seeing right now. the objective from our perspective as value investors is to take our profits from what we think are expensive securities, scour the globe for opportunities, and put our capital to work in securities that are trading at a much lower value we think have good prospects. >> lance, there's actually a raging debate about the valuation of the market because there are two pieces of this, i should say. >> we keep hearing this. there's price and then earnings. what you think the earnings projection is has a lot to do with how expensive stocks look here. what's your take on it? >> that's a great question. if you look at the revenue growth, top line of income statemen
CNBC
Dec 6, 2013 5:00pm EST
.5 quickly. then we start to see how equities really act in that environment, because these are companies, now that have been borrowing, we know why these equities have appreciated. we understand the multiple come protection. when you think about consumer staples, they don't really have a whole heck of a lot of growth. proctor & gamble trading 18 times next year's earnings expected to grow eight or nine percent. if we get this taper and see rates spike, that's when we will feel it. >> let's talk about what we saw move in today's rally. it was a broad based rally, except for these momentum names, these momentum names did not participate. we're talking solar stocks, 3-d printing and apple. apple was a laggard today. >> i didn't think it would get through 550. we said yesterday, when it printed up the 575, 580 level, that was another number we expect to pull back to 550. we had the conversation last night. i'm not making a big move out of the apple deal today. but i think we need to retest that 550 level we exploded $30 off of the other day. >> we talked about last night. to me there was peo
CNBC
Dec 9, 2013 9:00am EST
about the pressure he is now facing to be profitable in this environment. >> we have to provide a return for our investors. we know that. the last 10, 11 years have proven that airlines that can't do that are allowed to grow and expand and do all the things we want to do. we expect to produce a profit that will provide a nice return from our investors. that's what they expect from us. that's what we plan to deliver. >> a lot of investors have been cashing in on the airlines. take a look at the airlines index. it has performed very well in this environment with moderate jet fuel prices and improving economy and the consolidation game that for the time being seemed to have played out. a lot of investors are saying, is this as good as it gets when it comes to the airline stocks. doug parker says, no, we can still produce. there is still room to go with these airline companies in terms of profitability. carl, you have to wonder, how much room is there to run for these airlines stocks. >> the best sector of 2013 so far at least, unbelievable run, phil. when parker says that the impact on cons
CNBC
Dec 2, 2013 6:00am EST
in an environment like this, companies that historically would've went into bankruptcy -- >> have not. >> have not. >> they've had time, the ability to push out or restructure their debt. and it's given lots of businesses the opportunity for longer runway to recover. >> are we in a position where the old expression is that when the tide goes out, you get to see who had a bathing suit on and who didn't have a bathing suit on? everybody, the tide is not going out are we covering up companies that should not be in business? and is that hurting the more efficient companies that they're allowed to stay in business? >> yeah, what i really think is as many times as you know in the u.s., our bankruptcy code is there to allow for a second chance kodak emerged from bankruptcy successfully. >> it wasn't successful. it was a nifty fifty. what are they now? >> right. . business to business company now. >> do you know offhand? >> i don't know offhand, but they've had a very good start in the new world. gives firms a second chance and new leases on life. and in this situation, we're seeing companies extend. >> s
CNBC
Dec 3, 2013 4:00am EST
expertise in london. and also things like energy, environment, that's also uk is very, very strong. so i think both sides are looking at opportunities both for investments of china's capital in the uk, but also how the uk businesses could share a bigger size of the cake. because the uk investment is minuscule compared with other european countries in china. >> yeah. and do you think this will help london become the major offshore trading center for the renminbi? >> i think london is very well positioned, indeed, because after all, london is the leading financial center in the world and, of course, the china's bands also are already being welcomed in london and, in fact, recently, the china businesses consortium has bought a sizable chunk of the area next to the city of london. so that gives the china business an opportunity to be near the financial center, bring in china's businesses to london. but, of course, london is a launching plat for china's businesses all around europe. so i think london is very well positioned, indeed, in terms of financial services. >> boris johnson will hear y
CNBC
Dec 5, 2013 9:00am EST
a challenging consumer environment. comp sales rose 2% in november. that was below street's forecast. and tiffany gets an upgrade at goldman sachs on the conviction buy list. the firm saying profit margins and free cash flow expansion. tiffany had a good number not that long ago. >> i didn't know how value added that call was. dollar general, i remember when this went private because they felt that dollar stokes were undervalued. then it goes public within a huge hit and another $1 billion buy back. dollar general just started expanding in california. they were not in california. california is a fifth on the country. a lot of room went the wrong way. >> upgrade to kohl's over at bank of america, calling it an inflexion year for offer net and good, free cash flow. you're not a believer? >> i like the sanoma pants and i wear them on the weekends. but i think kohl's is undervalued, but it's been undervalued forever. you need a conns, not a kohl's. >> and aeropostale, the loss wider than expected. more discounting. another warning on the quarter. last night you said you fancy yourself a
CNBC
Dec 6, 2013 9:00am EST
. >> it created by the managers. tougher than expected sales environment, heightened promotional environment. these are actually quotes from the conference call. over and over again. the other side is that herb greenberg writes saying wait a second, what really happened is the ceo came in, and turned around and said maybe things aren't so great. so people might say this stock is down 20 and have i to buy it. typically a down 20 stock is down again the next day. >> someone called it a welcome reversal from overwrought optimism. right? >> yeah. go to the ulta web site. the buon did well, this was a very specialized business. what was most daunting was that we basically felt how could ulta ever miss? compare that with canness, a texas-based retailers that sells mat interestses and everyone felt like they could roll them out forever. when you see this, carl, understand this is the fire you play with when you're in retail that is supposed to have no glitches. this story was not supposed to have a glitch and people are basically saying i didn't even know they were that price sensitive. they were d
CNBC
Dec 6, 2013 3:00pm EST
in an environment where the mall is incredibly promotional. there's not a lot of newness out there in the marketplace. and i think that their customer base is already used to these promotions and wants more out there. then you take into account as well the inventory of the sales spread is widening. comps are becoming more difficult. they're making numbers but based on share buyback and more aggressive cost cutting. we think at current levels there's not a lot of levers to pull. we don't disagree with adrian about the long-term opportunity but right here, right now, the way the whole group is looking into the holiday season, why get involved? why take the risk today? >> what do you think, adrian? >> we have a 12-month view of this stock. i would say few retailers, everyone is under promotional pressure. merchandise margins are down. if you can pull other levers, buy back stock of which they bought back 4% of their shares in the third quarter, very committed to shareholder value. and touch the st&a lever, to us in the near term while the environment remains very soft, if you ca
CNBC
Dec 9, 2013 3:00pm EST
into retail environments like macy's like nordstrom, because one of the values we offer her is service. the service aspect is very important because the absolute value price differential between the top end of mass pricing and the opening end of prestige is not very much. research we've be done shows, for example, we reduced consumer's concern about a choice -- >> when i think about service, i think about people jumping in your face and waving perfume at the counter. >> you used mac, for example. makeup artist show you the right techniques. >> in the store. >> at the store. macy's at estee will help you find the right shades for your skin and help match it for you. when you realize, that service aspect helps confirm for the consumer she's made the right choice the expert has helped her make the right choice for herself or someone else and that value proposition is worth something to her because she's confident and she doesn't have to do it again. >> and you have a great relationship with a lot of makeup artists at a time when the proliferation of content means
CNBC
Dec 1, 2013 11:00pm EST
the competing noise in the radio environment to get your call through. >> we use an array of antennas and some really smart computers, and what they do is, when we transmit, we send the information only to your phone. >> you mean there is-- we will reach the day when each cell phone will be perfect, or as perfect as a landline. >> that's exactly right. [ticking] >> coming up, where is cell phone technology going? >> the optimum telephone is one that i think some day is gonna be embedded behind your ear. it's gonna have an extraordinarily powerful computer running the cell phone. >> that's next, when 60 minutes on cnbc returns. i take prilosec otc each morning for my frequent heartburn. because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. frequent havo: thesales event for 8 straight y"sis back. drive" which means it's never been easier to get a new passat, awarded j.d. power's most appealing midsize car, two years in a row. and right
CNBC
Dec 2, 2013 7:00pm EST
any growth. talking about zero interest rate environment but we have a bifurcation of what is happening on main street as opposed to what's happening on wall street. something has to give. it's one of the reasons why after we got through 1,715 in the s&p, i started to get concerned about this market. what we haven't seen is the growth. it's one of those things that is really starting to concern not only me but a lot of other investors. going into the end of the year, we're seeing that battle -- you're seeing the tax selling. gold will probably get hit. gold is down almost precisely what the s&p 500 is up. you could see tax selling take place there. but going into next year, i have to tell you, it's starting to feel as if maybe just maybe we might have hit that trough when it comes to disinflationary pressure, especially with that new janet yellen fed coming on board. >> i don't believe it, steve. i think forces in motion -- disinflation, so what. we have a low inflation rate, i think that's good. inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax.
CNBC
Dec 3, 2013 1:00pm EST
.4%. the industrial player has been dealing with a slow growth environment but the company has been cutting costs and analysts say that could help future margin growth. next up, pea body energy down 30% year to date. but this quarter they're up 5.5%, coming off a strong beaten earnings thanks to lower expenses. finally shares of apple up little over 5% year to date. one of the big tech laggards this year. rising anticipation that apple will lock in a deal with china mobile has helped shares gain about 17% over the past quarter. new products, specifically in the wearable space is seen as another potential catalyst. many ap lists are bullish on apple. ubs upgrading the stock to buy, writing that higher of burberry's angela hence may provide an inspiring face to the company. >>> a major ruling has come out regarding detroit's future. a judge allowing the city's chapter 9 bankruptcy filing to proceed, despite big protests. senior correspondent scott cohen is live in detroit to sort it out for us. >> tyler, saying detroit's situation is unworkable and dangerous, judge roads approved the largest munici
CNBC
Dec 3, 2013 7:00pm EST
of mini, mini goldie lock, 2, 2.5% growth and 0% inflation. in that environment, long run investors which is the only kind of investing makes stones me, hang in there, ignore these blips and stay with it because the situation is not nearly as bad as professionals and others say it is. >> if you're a long term investor in the stock market, larry, absolutely agree with you. the s&p pe, that is how much you pay for each dollar of earns at not quite 17, we'll call that fairly priced, maybe fully priced but not egregious. bonds are a very different story. i don't know why any long term investor would want to be an owner of u.s. government bonds right now. why? bond yields, ten year yields bottomed out at 2.5%, made this nice rounded bottom in ten year yields and going nowhere but up and i don't think anybody would be a long term investor happy to collect say 2.75 even 3% annually just because you got money invested in ten year government bonds. >> jeff, i acknowledge that when the fed slows down and stops its bond-buying, i acknowledge there will be another rate pop and i acknowledge there wil
CNBC
Dec 4, 2013 1:00pm EST
doesn't get in the way in january. >> how do you invest now given the environment you laid out. >> carefully. >> all the time certainly. but we have the taper looming somewhere out there. >> yes. >> where do you still find attractive valuations around the world? >> i would break it down if you let me into two part of a description. long-term money is easy, don't overthink it, stay invested. probably the best advice we gave to clients had this year. short term money is getting harder, liquidity isn't there, volatility is low so we've been dialing back a little bit of the tactical call. the biggest discussion point for investors next year assuming you leave equities win and we do, does the rest of the world catch up with the u.s.? the u.s. has led so strongly. international markets haven't. if you look at the case numbers, pe, any forward valuation, europe we've talked about for a year. >> absolutely. >> interesting. japan as well. >> are you still as favorable on both of those countries as you were in the past? >> we are, although i keep saying, it's e with a small excitement no
CNBC
Dec 5, 2013 12:00pm EST
can actually be good in this environment. >> i think 2014 is going to be a stock picker's market, and i think it will play out in some stocks and not others. so again, i think the market's gotten okay with taper. it's not an if, but a when. the delay made people more comfortable with it, so i think we're almost there. >> suni, great to see you. >> thank you. >>> ford is unveiling a new mustang, but the buzz is about ceo mulally. will he stay or will he go? our phil lebeau asked him pointblank, and we'll get that answer next. >>> and if he goes, could he land at microsoft? that really is the big question. even though it's one of the dow's top performers this year, someone here says not even alan mulally could save it. so we have a microsoft debate straight ahead. >>> apple is getting a boost on a report it's inked a deal with china mobile, but the company is getting another push from carl icahn. how should you play it? that and much more straight ahead. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it'
CNBC
Dec 5, 2013 1:00pm EST
create a more competitive environment for these high-yielding dividend stocks. >> i'm sure it will. thank you, seema. >>> well, today marks the anniversary of alan greenspan's famous irrational exuberance warning to the markets. >> how do we know when irrational exuberance has unduly escalated asset values which then become subject to unexpected and prolonged contractions? >> ah, so 17 years later, as stocks sit as record highs, which companies could be suffering from a little irrational exuberance of their own? dominic chu has been looking into that for us. >> think about it. let's pretend we're in a time machine, go back to december 5th, '96. markets then versus what they are today. on a bigger picture macro level, look at the crude trade, $26 a barrel. yield on ten-year treasuries, 6% back then. now under 3% today. and how about the stock market? we're just off those record l highs, 1,790 on that day in 1996, it was 745. valuations, they're reasonable on a relative basis. back then you were paying about $19 for every dollar in stock price in earnings for the s&p 500. today it's still l
CNBC
Dec 8, 2013 8:00pm EST
bedroom. >> i have to trust that my team is gonna get the work done in this environment. and the ironic thing about it is that it's that trust factor that actually makes them work harder for you. >> and just as long. >> and just as long. >> or longer. stacy, jason, and marissa say they often work more hours than they did before. not a bad deal for the company. productivity among employees in the program has jumped a healthy 35%. >> we can spread out our work over seven days of the week. it's not about-- >> but who wants to work seven days a week? why is that positive? >> it's my--it's the way i choose to work. >> but if it takes 70 hours to do your job, why doesn't best guy go hire more people? >> you know, i am a happier employee with the trust. >> you want to work the 70 hours. >> i love what i do. >> you don't think you're working too much? >> no. >> do you? >> no. >> do you? >> no. >> you're brainwashed. [laughter] >> maybe we're all crazy. >> maybe we are. >> maybe they are. they don't even make more money for the longer hours. [clock ticking] next up, even with job sharing, it's h
CNBC
Dec 8, 2013 11:00pm EST
and restaurants to suit every taste and nationality. >> part of the concept was to create an environment, when people came in, they didn't feel like they were in a hospital. >> what's wrong with-- i mean, this is a hospital. what's wrong with looking like a hospital? >> 'cause nobody really wants to go to a hospital. >> would you go back? >> oh, i'm going back this fall, yeah. >> why? >> i'm going back to see my doctor and have a checkup again. > he'll have to take a 22-hour flight. but there's even an upside to that. is it true that i can pay for a checkup with frequent flyer miles? >> well, we do have a very unique relationship with thai airways. so you can buy a ticket, you can use frequent flyer mileage to get your check-up. >> whatever it takes to get your business. >> and this is not the only hospital trying to outsource healthcare, is it? >> oh, my goodness, no. [chuckles] yes, we certainly have not gone unnoticed. there are hospitals throughout asia, throughout india. >> up next, india competes for the market in foreign patients. >> that's the ambition, that india should become the wor
CNBC
Dec 9, 2013 7:00pm EST
come out of college, you're in this environment where you think that interest rates move in the opposite direction of stocks. >> right. >> because that's what it's been for the past few years, when normally speaking, they move together. >> absolutely. >> now, on friday, blockbuster jobs number, the economy is getting better, rates tick higher, going back towards 3% on the ten-year, the longer side of things, the ten-year treasury. and stocks still go up. so all of a sudden, maybe rationally -- >> i watched that happen a lot in the '80s and '90s. peter, a couple of things. today we got the flow of funds from the federal reserve. this is household net worth, stocks, bonds, equity, real estate, whatever you want. we hit a new all-time high on wealth, wealth of america. $1.9 trillion increase in the third quarter. we are now well beyond the peak which occurred in the second quarter of 2007. so wealth of america has now made a new peak. and i just want to add to that. in the gdp report we had last week, profits hit a new all-time high of $2.1 trillion, about 11% of gdp, anothe
CNBC
Dec 2, 2013 3:00pm EST
income, the bond market is likely to produce negative returns in 2014. that environment for fixed income market could last a long time. >> do you sense the market getting ready for the fed meeting later this month? maybe taper talk at that point? much of the same we've gotten in the past few months? what's going on with the market there? >> with a lame duck fed chairman, i don't think there's a chance, not even a remote chance, this meeting coming up in december is going to show us anything we don't already know or make more clear what is impossible to make clear and that, of course, is when janet yellen takes the reins and when she will rein in programs. if you wanted to participate in three or six-month bill auction, here's what you saw on the website of treasury direct. basically gone fishing. traders say whatever the glitch was, hats off to them for not just rolling the dice and seeing if it went okay. we know that other parts of the government seem to have that tactic. as far as interest rates -- >> what -- >> go on. >> what is it with government websit
CNBC
Dec 3, 2013 9:00am EST
're missing the boat but not in this environment. >> in the meantime, here's what's coming up next on "squawk on the street." >>> coming up, we follow the beat of the drums and the one beating them is jim cramer, playing the song "six stocks in 60 seconds." "squawk on the street" will be right back. ya know, with new fedex one rate you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. >>> let's get "six in 60" with jim. start with holly frontier. >> the incredible glut in the united states oil because of production has made it so refiners make a lot of money. >> jpm, goldman. capital plans. >> this means jpmorgan can return money. stock goes higher. >> you say acena delivered. >> continental research. >> if you believe there is a glut, buy it, otherwise stay away. >> chipotle, a little nose bleed. >>
CNBC
Dec 5, 2013 3:00pm EST
that's emerging, whether it's black friday or the retail environment this year, generally is that it's the high-end that's seeing the buying power and the low end that isn't. why do you want to be short effectively a name like tiffany if that's the case? >> it's really just a case of pricing and valuation. i think, you know, when you have this big of move, a 15% move, all the good news is priced into this stock. you've got a story of -- a long story of many months of rising prices for tiffany's shares. and so you have so many people who have interest in closing out and taking profits when a move comes this strong. i expect there's not going to be profit taking on all this news. and people have priced in everything that brian's mentioned. what we'll see is 80 dollars before we see 100. >> i was just going to say, what's it worth, then, john? give us a number where you'd start buying it again. >> i'd buy it somewhere towards 80 to 85. you want to wait at least a month before you get there. i wouldn't touch it before 85. i'd probably wait till 80. >> brian, just to you, where do you thi
CNBC
Dec 4, 2013 4:00am EST
rate environment, you know, the cost of ownership of gold disappear, right? >> yes. >> and with the perception that that world is changing and presumably that is having a marked investment -- >> absolutely. >> and the other thing is, if we're going to ease up on qe, there is that edge. those two things go away, don't they? we haven't seen the final outcome of what qe does. i don't think we've seen what it does when it gets removed. definitely, though, it is about real interest rates. that's what really moves gold long-term is if you're get ago strong return on u.s. treasuries, obviously, investment in gold is going to be less urgent for you. definitely in 2013 what you're seeing is the perception of rising rates. but we haven't had them yet. it's about what is coming down the pipe in terms of real interest rates. >> yeah. and, of course, how much investors have unloaded. do we know how much investors have unloaded from what -- >> well, the etf went into this year with record high holdings. if you look again, you'll find that, yes, there was a sell-off in the spring
CNBC
Dec 5, 2013 4:00am EST
an environment where we can compete in the world. marching valiantly towards 1970 is no way of doing that. try and get the people out of work into what to do that, massive reform. why are we giving more money to french farmers than we do to universities? that is the future. i want to stay in, but i want to stay in a reformed europe. if they won't reform big time, frankly, we would be better out. >> thank you very much, lord digby jones, a man never to sit on the front. we'll be hearing from the chancellor soon and the labor party chancellor, as well. >> yes. i don't want to be the person digby hits on, but it's good to see him. thanks for that, helia. you can tell him that, by the way. we get along quite well. we have got coverage of the chancellor's statement coming up in 20 minutes. the viewers in europe which, of course, does include the uk i know some people think the uk isn't in europe, but it is. it says so on my passport. on the agenda today, we have an issue of jobless claims set to release at 8:30. it's a good preview of what might come tomorrow with the employment report. also at 8:3
CNBC
Dec 6, 2013 4:00am EST
environment. >> steven, some people note the correlation between the dollar and the u.s. ten-year treasury yield has broke b down of late. do you think that is the case? >> well, it's kind of broken down the last two or three days. which isn't fair to judge a correlation. but i think the key issue is this -- that what we've seen over the last couple of days is the market has had to adjust rapidly its expectations of tapering is that volatility indications, indication of risk, the vix has backed up and that offset a lot of the positive impact that a higher interest rate has on the currency because risk managers tell you you can't hold as much, that they're worried about their value at risk. i think, though, that the volatility won't come down and we'll see the dollar rally again. >> steve, we've got more time with us. steven englander with some ideas there for us. >>> let's take a look at today's other top stories. deutsche bank has pulled the plug on commodities trading to become the first bank to exit the sector due to pressures. it will cut 200 jobs as it sees energy, agriculture, metals
CNBC
Dec 2, 2013 9:00am EST
will be very good. i think the regulatory environment will pressure people to have one on one relationships with clients undisturbed by the oversight that's meant for balance sheets and i'm not saying it's bad. >> i'm not following you. >> think a lot of oversight in place is to stop massive errors, balance sheet errors. if you have a trillion dollars of derivatives, multiple sites of oversight is important. i think it's in direct contradiction. the most important thing is multikl points of information, transparency where everyone knows when's going on. this is the exact opposite. we sometimes working on a transaction right now where i would say five or six people in the firm know about it. that's the way we like it. secrets are often betrayed solely because of the number of people involved. not because anybody has a bad, you know, a bad idea in their head. it's just the number of people. >> interesting. you know, you mentioned slow, steady progression in m&a but the slow is one to emphasize. this is not a good year by many standards for merger and acquisition activity. >>s no at boom year
CNBC
Dec 6, 2013 6:00am EST
is unsatisfactory and it's trying to navigate its way through an intensely promotional environment. we've seen a lot of retailers that have had trouble with this. a lot of blow-ups over the last week or so. >>> when we come back, it is arguably the most important economic data release of the month. the november jobs report a few minutes away. >>> but first, weekend reading for you, the latest edition of the talking squawk blog is up, go to squawk.cnbc.com. get the scoop in the higher learning series. plus, the latest word on the jumble update. i think we're tied this week. i think we're tied 2-2. plus, there's a whole section about steve liesman's groupies and a way that you can -- you can apply to be a groupie. >> you don't need to read that. >> the google party, and why joe enjoys wearing a kit. talking squawk, squawk.cnbc.com. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large pro
CNBC
Dec 9, 2013 6:00am EST
at this point. competitive environment, you wonder what all of this would mean. >> you've got to keep changing your menu, you've got to keep reinventing yourself in order to keep the growth -- >> the minimum wage comes out, they're in trouble. that'll be much more difficult. it is a $96 stock now. with a billion shares outstanding, $96 billion company that was $11 a few years ago. >> and they've recovered. >> amazing. >> yeah, they have. >> a new survey by the national association of business economists says that the central bank will begin to taper early next year. 62% of forecasters, expected the fed will pull back on the bond-buying program in the first quarter. another 30% believe the fed will taper in the second quarter. and i don't know, you don't need to stop the presses on that story, do you? let's hope so. >>> we have other corporate news this morning to get to you. walmart has agreed to contribute about $25 million to settle unresolved lawsuits filed on behalf of consumers that allegedly were injured or killed in explosions involving portable plastic trash cans. the money amounts to
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